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Other Developments
A curated list of other prominent stories from this day.
8:24 PMPropertymarkets News
Woodbridge Capital Provides $100M+ Construction Facility for 150-Apartment Brisbane Development
Summary
Woodbridge Capital has provided a construction facility of more than $100 million for a Brisbane project comprising 150 apartments across two connected towers near the CBD.
The financing clears a major funding hurdle for the development and enables construction to proceed.
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Why it matters
A large debt facility puts 150 new Brisbane apartments closer to delivery while shifting the main risks from funding to construction and market demand.
Plan for controversial Sydney data centre scrapped after push-back
Summary
Goodman Group has abandoned its Project Mars data centre proposal in Sydney, citing changes to the policy and regulatory environment. The decision follows opposition to the controversial project.
The withdrawal shows that regulatory uncertainty and local opposition can now outweigh the commercial case
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Why it matters
The decision signals a tougher approval environment for data centres in Australian urban areas.